BluSmart raises $42 million to scale EV fleet, megacity operations
BluSmart Mobility secured $37 million in equity and $5 million in venture debt in its latest funding round. It will use the funds to expand its EV fleet capacity to 10,000 over the next one year and penetrate deeper into megacities.
What’s cooking in a farmhouse factory
Kunwer Sachdev, the founder of Su-kam brand inverters in India, has converted his farmhouse in Gurugram into an R&D and manufacturing facility for new-age solar and lithium battery storage products under his new venture Su-vastika Systems. He speaks to pv magazine about their offerings including mobile energy storage, lithium battery tester, solar inverters, and more.
Oil India seeks battery storage system for field installations
Oil India intends to deploy battery energy storage systems (BESS) alongside gas engine-driven generators in its field installations. With this arrangement, it will run the generator during the daytime only (while charging the BESS) and draw power from the charged BESS for the night hours.
Jakson unveils lithium battery inverter for residential applications
The 3 kW battery energy storage system with a 3 kW hybrid inverter and a 4.8 kWh, 48V lithium-ion battery module can be scaled to MW scale depending on the power backup requirement.
BHEL to make electrolyzers
Bharat Heavy Electricals Ltd is seeking a business consultant to realize potential opportunities in electrolyzer manufacturing and the green hydrogen value chain.
Strong policy focus needed to drive pumped storage development
Despite being a mature and largely indigenous technology, pumped storage hydropower’s operational capacity in India remains very low at 3.3 GW because of the high development costs and inherent challenges in constructing these schemes.
Avaada Group raises $1.07 billion for green hydrogen, ammonia ventures
Avaada Group has secured $1.07 billion to fund its green hydrogen and green ammonia ventures in India. The funding includes $1 billion from Brookfield Renewable and $68 million from Global Power Synergy Public Co. (GPSC).
Solis unveils hybrid inverters for rooftop applications
Solis has released a new line of hybrid inverters in five different power output versions, ranging from 3 kW to 8 kW. The hybrid inverters can be used with either lithium-ion or lead-acid batteries, with a maximum charging and discharging current of 190 A.
India will require INR 9 trillion capex to meet 2030 green hydrogen target
A new report says India will require INR 5.5-6 trillion to create 115-125 GW of renewable energy capacity and INR 3-3.5 trillion to meet 35-40 GW of electrolyzers requirement in order to reach green hydrogen production capacity of 5 MMT per annum by 2030.
Log9 Materials opens lithium battery cell factory
Bengaluru-based Log9 Materials has launched the production of li-ion battery cells from its factory in Bengaluru. The facility will produce lithium-titanium-oxide (LTO) and lithium ferro-phosphate (LFP) chemistry cells with significantly improved energy densities.
